The Wine-Box Inquiry in New Zealand : round two - a "gutted" report but no "knockout punch"

Summarizes the proceedings in the High Court in 1997 and 1998 following the release of the Report of the Wine-Box Inquiry and analyses the 1998 decision of the Court of Appeal and the 1999 decision of the High Court, which completely overturned ("gutted") the Report's findings regarding the tax-avoidance/evasion scheme known as the "Magnum arrangement".